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The Blackburn Rovers striker already has 10 goals in the league this term, as well as another in the Carabao Cup and two more for his country.
It has been a prolific start to the campaign for Rovers' number nine, who scored five times in October. His prolific conversion rate at 47 per cent rivals him with Europe's best finishers.
That impressive return has seen him selected against three Championship rivals for September's league-wide award.
Fellow striker Will Lankshear is unsurprisingly nominated after seven goals in his five matches. He netted in every game, including braces against Bolton Wanderers and Charlton Athletic.
Birmingham City's Augustus Priske is another number nine in competition for the gong. He matched Gudjohnsen's tally with five in five for the Blues, who currently top the standings.
Southampton's James Bree is perhaps the outsider. The right-back helped contribute towards three clean sheets and netted two goals, including a screamer against West Ham.
The judging panel for the Sky Bet Player of the Month comprises Sky Sports’ EFL expert Don Goodman; EFL Chief Executive Trevor Birch and Sky Bet EFL trader Ivor Davies, with the winner set to be announced on Friday at 6 am.
Gudjohnsen is the second Rovers player to be nominated this season after Dapo Afolayan, who missed out in September.